June 15, 2010
EMPIRE CAPITAL CORP. (TSX-V: EPM.P) (the “Company”) is pleased to announce that it has closed the working capital private placement (the “Private Placement”) to qualified investors for gross proceeds to the Company of $312.983.00.
The Private Placement resulted in the issuance of 1,564,865 common shares at a price of $0.20 per share. All securities issued are subject to a hold-period of 4-months from closing. Cash finder’s fees of $8,960 have been paid and 44,800 finder’s warrants exercisable to purchase additional shares of the Company for twelve months from issuance at a price of $0.20 have been issued to qualified parties.
The proceeds from this private placement will be used for general working capital purposes.
On behalf of The Board of Directors of Empire Capital Corp.
Norman Eyolfson, President, CEO, Director
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Empire Capital Corp. which may cause actual results, performance or achievements of Empire Capital Corp to be materially different from the results, performance or expectation implied by these forward looking statements. Such uncertainties include the completion of the subject private placement. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
A mineral exploration company with an attractive capital structure and solid management.
Zonte is focusing on three Canadian projects; one copper and two gold projects. Drilling on the copper and one gold project has identified two discoveries.
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